Eliza Owen
2 Sep 2021
The past 16 months have seen remarkable levels of adaption in the real estate sector, government stimulus and economic decline and recovery. Amid renewed and extended lockdowns, some indicators suggest the housing market has been even more resilient to lockdowns in 2021 than through 2020. But there is some suggestion not all pockets of the housing market remain robust.
This article unpacks a few ways housing market performance has evolved through lockdown in 2021 compared with 2020.
Consumer confidence has been more resilient
Consumer sentiment is an economic indicator that is generally positively correlated with home sales. This makes sense, given consumers would presumably be optimistic about their own financial situation when deciding to make a large financial commitment like a home purchase.
The consumer sentiment response has changed with each new set of extended lockdowns through COVID-19, with the decline in sentiment in 2021 becoming shallower, but lasting longer.
Figure 1 compares the ANZ Roy Morgan weekly consumer sentiment index through various lockdowns since March 2020, represented by the shaded areas in the chart.
To continue reading, please CLICK HERE
Your email address will not be published
Your Name *
Your Email *
Your Number *
Address of the property *
From 'The Block' to 'Grand Designs', home renovation and real estate shows have become a true small screen phenomenon, captivating audiences with dramatic transformations and inspiring home renovators and DIY enthusiasts at the same time. But for any wannabe property...
How to improve water efficiency in rental properties nsw.gov.au/housing-and-construction/landlords/how-to-improve-water-efficiency-rental-properties 5 December 2024 If a landlord wishes to charge a tenant for water usage, they must ensure the rental property meets certain water efficiency measures. From 23 March 2025 landlords must...
Amidst Australia's historic two-year rate hike cycle, the property market has become a picture of resilience and decline, showcasing stark contrasts across cities, suburbs, and regions. A CoreLogic Australia analysis comparing the property market's performance two years before and after...
At Move Realty, our commitment to supporting our local community remains unwavering. On 30th May, in recognition of World MS Day, we proudly join the global MS community in collaboration with MS Australia to raise awareness and share stories about...
Are you an organized and proactive individual with a passion for real estate? Do you thrive in a fast-paced environment where attention to detail and efficiency are valued? If so, we have the perfect opportunity for you! Position: Executive Secretary...
Investing in a self-managed super fund property has become an increasingly popular strategy in Australia, offering SMSF members greater control and flexibility over their retirement savings. With the ability to invest retirement funds directly in real estate, many SMSF trustees...
Rent this immaculate ultra-modern spacious new 2-bedroom granny flat, thoughtfully designed offers peace and privacy with a fully fenced back yard. Enjoy the light filled open living area with split aircon and quality interiors. Conveniently located in the highly sought-after...
The real estate market is experiencing an unprecedented surge in demand for urban properties, as buyers seek comfortable and convenient living spaces in the heart of bustling cities. This surge comes despite initial concerns about the pandemic's impact on the...
The pace of home price falls has eased in recent months, with the housing market downturn losing momentum. In February, national home prices rose 0.18% as limited supply and sustained buyer demand supported property values. Key highlights from the February...
Find the right house over
The pace of home price falls has eased in recent months, with the housing market downturn losing... Disaster funding has been